Hammerson (HMSO.L) 24-02-20
Shares in Hammerson (HMSO.L) have fallen notably from recent highs of 312.7p. Will the trend prevail, or is this an opportunity for you to pick up a bargain?
- Currently at 218.3p (at time of writing). A move up to highs would represent a rise of 43%.
- These share are amongst the biggest fallers in the period.
- Is the move unfinished, or are we about to see a bounce?
- The market has been known to over-react to bad news. Investors should consider whether these falls are justified, or is this an over-reaction?
- Shares -43% from 12-month highs; +7% from 12 month lows.
Latest News
21 Feb: Deutsche Bank reiterates its buy rating on Hammerson (HMSO) and reduced the target price to 300p (from 440p).
21 Feb: Hammerson, the property developer, announced it had disposed of retail property within the UK for £455m, in excess of 20% lower than book value.
11 Feb: Peel Hunt has upgraded its rating on Hammerson (HMSO) to buy (from hold) and reduced the target price to 270p (from 300p).
05 Feb: Numis has downgraded its rating on Hammerson (HMSO) to reduce (from hold).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires